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6.9.14 Fifth Order for Schedule

6.9.14 Fifth Order for Schedule

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Published by WDET 101.9 FM
Here is Judge Steven Rhodes's latest order setting deadlines and hearing dates in Detroit's bankruptcy. The trial date is postponed to Aug. 14.
Here is Judge Steven Rhodes's latest order setting deadlines and hearing dates in Detroit's bankruptcy. The trial date is postponed to Aug. 14.

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Published by: WDET 101.9 FM on Jun 10, 2014
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06/10/2014

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UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF MICHIGAN SOUTHERN DIVISION
 In re: Chapter 9 City of Detroit, Michigan, Case No. 13-53846 Debtor. Hon. Steven W. Rhodes /
Fifth Amended Order Establishing Procedures, Deadlines and
 
Hearing Dates Relating to the Debtor’s Plan of Adjustment
 The City has filed a plan of adjustment and a proposed disclosure statement. To promote the just, speedy, and inexpensive determination of this case as required by Fed. R. Bankr. P. 1001, the Court hereby establishes the procedures, deadlines and hearing dates set forth below. The Court has carefully considered the latest requests of certain objecting parties to adjourn the confirmation hearing and the associated dates and deadlines. The Court concludes that the record does establish cause for the limited adjournments of hearing dates and the limited extensions of deadlines set forth in this order. However, the Court again concludes that the record fails to establish cause for the lengths of the adjournments and extensions that these creditors have requested. In exercising its discretion to limit this adjournment as set forth in this order, the Court has considered the interests of the objecting parties in having a full opportunity to prepare for the complex legal and factual issues that will be presented at the confirmation hearing. The Court has also considered the City’s unfortunate delays in producing requested documents and the resulting impairment of the objecting parties’ ability to prepare for the scheduled confirmation hearing. At the same time, however, the Court has also considered that to an unfortunate extent, certain document production requests, and especially certain document  production requests that Syncora has submitted, have been unreasonable and that these unreasonable document production requests significantly contributed to the delays in the City’s document production. Finally, the Court has also considered the interests of other stakeholders in the prompt resolution of this case. These stakeholders include the City itself and its administration, the State of Michigan, the several creditors who have settled with the City, the City’s employees and retirees, and, perhaps most importantly, the residents of the City, southeast Michigan and the State of Michigan. In its discretion, the Court concludes that a balancing of these interests justifies the limited adjournments and extensions granted herein.
13-53846-swr Doc 5259 Filed 06/09/14 Entered 06/09/14 14:51:06 Page 1 of 4
 
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Docket #5259 Date Filed: 6/9/2014
 
 
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13-53846-swr Doc 5259 Filed 06/09/14 Entered 06/09/14 14:51:06 Page 2 of 4
 
3
6.
 
July 11, 2014
is the deadline:
(a)
 
For plan voting; and
(b)
 
For individual bondholders and individual retirees to file objections to the  plan.
7.
 
July 14, 2014 at 10:00 a.m. will be the date and time of the hearing to determine any disputes arising in connection with any Notices of Asserted Right to Vote a Claim. 8.
 
July 15, 2014 will be the date of the hearing on objections to confirmation filed by individuals without an attorney.
 The Court will shortly file and serve a notice of this hearing identifying the time and location of the hearing, and the individuals invited to appear.
9.
 
July 16 and 17, 2014 will be the dates of the hearings on the legal issues set forth in this Court’s Order Identifying Legal Issues, Establishing Supplemental Briefing Schedule and Setting Hearing Dates and Procedures dated June 5, 2014. (Dkt. #5235)
 
10.
 
July 21, 2014
 is the deadline for the City or the balloting agent to file a summary of the results of the tabulation of all ballots and master ballots.
11.
 
July 25, 2014
 is the deadline for objecting creditors to file a list of expert witnesses and to serve copies of rebuttal expert reports (which shall not be filed).
12.
 
August 4, 2014
 is the deadline to complete all depositions of experts and non-experts.
13.
 
August 5, 2014
is the deadline for any party that filed a timely objection to the plan to file a supplemental objection, but only to the extent that discovery or the results of plan voting give rise to additional or modified objections.
14.
 
August 8, 2014
is the deadline:
(a)
 
To submit a proposed joint final pretrial order in compliance with LBR 7016-1;
(b)
 
To file pretrial briefs;
(c)
 
For the City to file one combined response to supplemental objections to the  plan and to objections filed by individual bondholders and individual retirees. (This may be combined with its pretrial brief.)
15.
 
The stipulated orders at Dkts. #4587, #4617 and #4746 shall remain in effect and shall supersede this order.
16.
 
August 12, 2014 at 9:00 a.m. will be the date and time of the final pretrial conference on plan confirmation.
13-53846-swr Doc 5259 Filed 06/09/14 Entered 06/09/14 14:51:06 Page 3 of 4

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